Lowe's: Q2 EPS up 10%

(CercleFinance.com) - Lowe's Companies has reported Q2 net income that is flat at 3 billion dollars (period ended 29 July 2022), meaning EPS of 4.
67 dollars, compared to 4.25 dollars a year earlier.

Total sales declined to 27.5 billion dollars from 27.6 billion dollars in Q2 2021. On a comparable basis, sales were down 0.3%, albeit with a 0.2% increase in the US home improvement business.

For the full year, Lowe's now expects total sales to be towards the bottom of its target range of 97-99 billion dollars, with diluted EPS at the top of its target range of 13.10-13.60 dollars.


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